IRVINE, CA (PRWEB) August 29, 2014
Lotus Innovations Fund, an Irvine California-based private equity investment fund, today announced they are on the hunt for the next entrepreneurial venture to become part of the successful Fund’s portfolio of technology companies under its umbrella. The new company will join the Fund’s existing portfolio of Enterprise IT Professional Services companies that Lotus Innovations helps transform into SaaS-based (Software as a Service) businesses.
“I have long believed that creating SaaS-based operational models for Enterprise IT professional service businesses provides the best path to future success,” said Christian Mack, Managing Director of the Lotus Innovations Fund. “Our current portfolio companies, Ramp Consulting, IQ Logic and Velocity-Insights, are all great examples of how valuable an SaaS-based transformation can be.”
Since its inception in 2013, Lotus Innovations has created a managerial model that transitions Enterprise I.T. Professional Services businesses into SaaS-based operations. Earlier this year, the company also launched The Lotus Innovations Fund with an oversubscribed round of financing and expanded its portfolio of entrepreneurial ventures. The fund takes a majority stakeholder position in its portfolio companies, adding value to the investments through an approach that includes embedded management and shared services.
Due to the high volume of interest, The Lotus Innovations Fund has created a special portal as the means for interested parties to submit an inquiry for the Fund’s consideration at lotus-innovations.com/contact-us .
“Following an exceptionally successful round of financing earlier this year, we are now actively seeking to bring another entrepreneurial venture into the fold and add value to their success from our deep experience with this model,” said Mack. “Personally, I take great satisfaction in repaying all the support I was given early in my career by 'paying it forward' to help other innovators realize their own visions”.
Prior to Lotus Innovations, Mr. Mack built a world-class Enterprise Services and Software organization in generationE Technologies. As the founder and president, Mr. Mack built the company from a professional services organization into one of the largest IBM Tivoli resellers and integrators. After a successful exit from GenerationE to Solis Capital in 2012, Christian Mack, Managing Director, launched Lotus Innovations to support innovative entrepreneurs or underperforming professional services companies in the Enterprise IT Professional Services sector.
About Christian Mack
As the Managing Director of Lotus Innovations, Christian Mack brings over 20 Years of Enterprise Consulting, Operations, Software, Channels and Sales expertise covering North America, Europe and Asia. Mr. Mack is best known for having built several companies from the ground up to become leaders in their spaces. Most recently, Mr. Mack successfully exited from generationE Technologies when he sold to Solis Capital in 2012.
ABOUT THE LOTUS INNOVATIONS FUND
The Lotus Innovations Fund, located in Irvine, California, is a private equity fund focused on transforming Enterprise I.T. Professional Services companies into SaaS-based companies. By operationalizing a repeatable process with Lotus Innovations’ proprietary methodology and embedded management, the fund creates a new paradigm that accelerates growth and valuations.
The innovative approach to investments in early stage Enterprise I.T. Professional Services companies and subsequent transformation into SaaS companies creates a systematic deal flow for other private equity firms and strategic alliance partners as each portfolio company is exited by Lotus Innovations.